SoldFreehold Dental Surgery Investment For Sale - Southgate London N13

Producing £24,000 per annum

138 Bowes Road,  Southgate, LONDON N13 4NP

Features

  • Freehold income producing investment
  • Passing income of £24,000 per annum
  • Development potential (subject to the necessary permissions)
  • Highly prominent and affluent location
  • Excellent road and rail connections
  • Immediate access to the A406 North Circular Road
  • Bowes Park Stations (National Rail) 675m South
  • Bounds Green Station (Piccadilly Line) 700m South

Location

The property is located on the corner of Powys Lane and the A406 North Circular Road, a highly prominent and busy intersection linking Southgate to Bowes Park and Bounds Green.

 

There is a mix of surrounding residential dwellings and commercial occupiers, predominantly fronting the A406 North Circular Road, including convenience stores, restaurants, offices and independent retailers.

 

Bounds Green Station (London Underground - Piccadilly Line) is 700m to the South. Bowes Park Station (National Rail) is 675m South of the property, with southbound connections to Finsbury Park and Moorgate.

 

Accommodation

Gross internal area 151.93 sq.m. /1635 sq.ft. 

Second floor31.77 sq.m. / 341 sq.ft.
First floor58.90 sq.m. / 633 sq.ft.
Ground floor61.32 sq.m. / 660 sq.ft.
External rear yard with vehicular accessA 19m deep yard providing space to park 4 cars in tandem, plus an external store of c 19 sq m (201 sq ft) and a covered storage area of c 14 sq m (151 sq ft)

Description

The property comprises a 1930s semi detached house, with loft conversion, converted into and trading as a Dental surgery.

The ground floor accommodation is arranged as an open plan reception, waiting room, patients W/C, two consulting rooms and lobby / wash basin area. The space at first floor level comprises a managers office, kitchen, lounge and bathroom. The second floor provides two bedrooms. The building has gas central heating and comfort cooling (part). The primary access to the building is via Powys Lane at street level.

Externally, there is a rear yard / garden which provides parking for 4 vehicles, accessed via Powys Lane - the property has a right of way over the service road to the rear. There is a further small external store within the contained yard area. 

The property offers potential for development subject to the necessary consents.

Floor plans are available to download from our website.

The property is let on a fully repairing and insuring lease to Dr Pegah Ziahosseini on a 15 year lease from 25th December 2015, producing a rent of £24,000 pa. The rent review effective 25th December 2020 has not been implemented. A copy of the lease is available to download from our website. 

Terms

Freehold for sale subject to the occupational lease of the whole.

Rateable value: £13,500

Estimated Rates Payable: £3,240 per annum

Service charge: N/A

Local authority: London Borough of Enfield


Property reference: 30159 Updated: 28 Apr 2023